Sanima Mai Hydropower auctioning 146,592 units unsold right shares from today

Kathmandu: Sanima Mai Hydropower Company is auctioning 146,592 units unsold right shares from Monday.

The hydropower company is selling 146,592 units ordinary shares after the right shares issued from Shrawan 27 to Bhadra 29 2074 were not fully subscribed by its shareholders.

The company had offered 10,550,000 unit right shares in the ratio 1:1 and around 1.39 per cent of the total right issue was unsubscribed.

The auction will last till Mangsir 19, 2074.

Bidders must quote a minimum price of Rs 100 per unit, which means that the lowest bid amount must be more than Rs 100. Interested bidders must bid for a minimum of 100 units of share. The number of shares applied must be a multiple of 10.

Sunrise Capital Limited is the issue manager for this auction.

The hydropower company has urged interested bidders to submit their bids by 3:00 PM till Mangsir 19, 2074 at Sunrise Capital located at Kamalpokhari, Kathmandu and designated branches of Sunrise Bank Limited.

The investors applying for the auction can deposit the bid amount in the name of Sunrise Capital Limited in account number 0690371114401003 of Sunrise Bank Limited or applicants can issue Good for Payment cheque in the name of Sunrise Capital.

The forms of the auction can be obtained from Sunrise Capital and designated branches of Sunrise Bank Limited.